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Formula One (also Formula 1 or F1) is the highest class of single-seater auto racing sanctioned by the Fédération Internationale de l'Automobile (FIA) and owned by the Formula One Group. The FIA Formula One World Championship has been one of the premier forms of racing around the world since its inaugural season in 1950. The 'formula' in the name refers to the set of rules to which all participants' cars must conform. A Formula One season consists of a series of races, known as Grands Prix (French for

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Since Formula One World Championship’s inception in 1950, the sport has always sought to innovate, constantly pushing the technological boundaries in order to find the quickest route to victory. The sport has frequently pioneered technology that has been successfully transferred to everyday transport. 2018 FIA Formula One World Championship. Since Formula One World Championship’s inception in 1950, the sport has always sought to innovate, constantly pushing the technological boundaries in order to find the quickest route to victory. The sport has frequently pioneered technology that has been successfully transferred to everyday transport.